Analysts Set Intuit Inc. (NASDAQ:INTU) Target Price at $636.10

Shares of Intuit Inc. (NASDAQ:INTU) have earned an average recommendation of “Moderate Buy” from the thirty-one analysts that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, twenty-three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $636.0968.

Several research firms recently commented on INTU. Barclays reiterated an “overweight” rating and issued a $540.00 price target on shares of Intuit in a research note on Monday, March 16th. Daiwa Securities Group cut their price target on Intuit from $800.00 to $640.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Scotiabank set a $575.00 price target on Intuit in a research note on Friday, March 6th. Wells Fargo & Company cut their price target on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 24th. Finally, BMO Capital Markets lowered their price objective on Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a report on Friday, February 27th.

Insiders Place Their Bets

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares of the company’s stock, valued at $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuit

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NEOS Investment Management LLC raised its stake in Intuit by 63.8% during the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock valued at $82,984,000 after purchasing an additional 47,330 shares during the period. Varma Mutual Pension Insurance Co raised its stake in Intuit by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after purchasing an additional 3,600 shares during the period. Nicholson Wealth Management Group LLC acquired a new stake in Intuit during the 3rd quarter valued at $1,465,000. Crossmark Global Holdings Inc. raised its stake in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after purchasing an additional 6,503 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after purchasing an additional 10,661 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Trading Down 2.6%

NASDAQ:INTU opened at $396.31 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. Intuit has a one year low of $342.11 and a one year high of $813.70. The business’s 50-day simple moving average is $416.74 and its 200 day simple moving average is $532.27. The stock has a market cap of $109.60 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the firm posted $3.32 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts predict that Intuit will post 17.44 earnings per share for the current fiscal year.

Intuit Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 9th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 9th. Intuit’s payout ratio is currently 31.09%.

About Intuit

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.